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OMB Releases Audit Compliance Supplement for COVID-19 Funding

For CEOs, CFOs

This post has been archived and contains information that may be out of date.

The federal Office of Management and Budget has released an anticipated compliance supplement related to COVID-19 funding for providers subject to single audit requirements.  

The guidance provides a three-month filing extension for COVID-19 funding recipients whose original audit due dates were Oct. 1, 2020-June 30, 2021. The extension does not require recipients to seek approval for the extension; however, they should document the reason for the delayed filing. 

In addition to providing the extension, the supplement identifies the types of compliance requirements that auditors are required to evaluate for the Provider Relief Fund and funding for COVID-19 testing and treatment for the uninsured.